CenterPoint Energy Inc. (NYSE: CNP) has reported earnings for its second fiscal quarter (ending June 30) of $0.36 versus $0.17 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.62 compared to $1.15 a year ago.
Recent Price Action
CenterPoint Energy Inc. (NYSE: CNP) stock closed at $28.51 on 7/30/24 after a decline of -2.3%. Moreover, trading volume in this decline was above average at 147% of normal. The stock has declined -1.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CNP is expected to continue to be an important Value Builder.
CenterPoint Energy has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. CenterPoint Energy has a neutral Appreciation Score of 44 and a neutral Power Rating of 58, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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